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Related Keywords: 400, across the value chain, add 300 ginning units, apart from setting up of units in other segments, double spinning capacity to four million a year, expects to attract fresh investment, extension of textile policy by a year, gujarat government, jute and wool, Rs5000 crore in the textile sectors, silk, Technical textile, to 1

The Gujarat government expects to further attract fresh investment of around Rs5000 crore in the textile sectors across the value chain with it's decision to extend textile policy by a year. The extension is expected to add 300 ginning units, to 1,400, and double the spinning capacity to four million a year, apart from setting up of units in other segments, such as technical textiles, silk, jute and wool.

Related Keywords: across the value chain, conference on GST, development and modernisation of power loom sector, expected to have uniform GST rate, lowest slab for the industry, Smriti Irani, textile industries associations, Textile Industry, textile policy is likely to be finalised shortly, Union Textile Minister, will be held soon to decide rate

Union Textile Minister Smriti Irani said that a conference on GST will be held soon to decide the rate, hinting that the textile industry is expected to have uniform GST rate, responding to pleas at a meeting of textile industries associations and stakeholders in Coimbatore, for fixing five per cent GST rate, the lowest slab for the industry.

The Minister urged the industry associations to give suggestions and views during meetings that will be held in different cities shortly. She also indicated that there might be a uniform rate across the value chain.